U.S. President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as they broaden sanctions against Moscow for its war against Ukraine, Reuters reports
The U.S. Treasury Department will issue a determination to prohibit the import of new gold into the U.S. on Tuesday, in a move aimed at further isolating Russia from the global economy by preventing its participation in the gold market, according to the source of Reuters.
